$ 1,649,000
335 Wellington ST Port Colborne, ON L3K 2K4
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,649,000
Est. payment /mo
Price Dropped by $50K
335 Wellington ST Port Colborne, ON L3K 2K4
UPDATED:
10/14/2024 05:03 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9358940
Annual Tax Amount $10,888
Tax Year 2023
Property Description
This 8-unit building at 335 Wellington Street, Port Colborne, offers a prime investment opportunity in a highly sought-after location. The building consists of five commercial units and three residential apartments, with a total leasable area of approximately 5,837 square feet. Situated on a 0.26-acre site, it features 12+ parking spaces and has been well-maintained, with recent renovations exceeding $300,000. The commercial units, ideal for a variety of businesses, complement the residential apartments, offering diverse rental income streams. The property has undergone significant upgrades, including new plumbing, electrical systems, flooring, and more in Units 6 and 7, ensuring minimal capital expenditures for the new owner. The building is zoned for Highway Commercial use, offering flexibility for future development or changes in tenant mix. The site is in good condition, requiring minimal seasonal maintenance, and boasts great curb appeal with newer exterior finishes and well-maintained parking areas. Whether youre looking for stable rental income or long-term value appreciation, this property stands as a compelling investment in the evolving Port Colborne real estate market. This is a rare opportunity to secure a property with both commercial and residential components in an expanding urban area. Dont miss out on this exceptional chance to invest.
Location
State ON
County Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Parking Type Outside/Surface
Others
Security Features No
Listed by EXP REALTY